"Understanding NFT Derivatives" by Chidi favour Chinweotuto

They are not traded on exchanges

They are not legally binding

They are not subject to market volatility

They are based on digital assets

They provide liquidity to digital artists

They facilitate cross-border transactions

They enable fractional ownership of digital art

They protect against copyright infringement

A digital representation of a physical asset

A unique digital artwork

A token that represents ownership of an NFT

A financial contract based on the value of an NFT